Wall Street analysts predict that Potlatchdeltic Corp (NASDAQ:PCH) will announce sales of $195.15 million for the current quarter, according to Zacks. Two analysts have made estimates for Potlatchdeltic’s earnings, with estimates ranging from $180.10 million to $210.20 million. Potlatchdeltic reported sales of $199.90 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 2nd.
According to Zacks, analysts expect that Potlatchdeltic will report full year sales of $932.47 million for the current fiscal year, with estimates ranging from $867.13 million to $997.80 million. For the next year, analysts forecast that the company will report sales of $900.51 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Potlatchdeltic.
Potlatchdeltic (NASDAQ:PCH) last released its earnings results on Monday, February 4th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Potlatchdeltic had a net margin of 12.61% and a return on equity of 10.87%. The business had revenue of $217.25 million for the quarter, compared to analysts’ expectations of $225.86 million. During the same period last year, the company earned $0.62 earnings per share.
Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Potlatchdeltic from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Zacks Investment Research raised shares of Potlatchdeltic from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub cut shares of Potlatchdeltic from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 1st. DA Davidson raised shares of Potlatchdeltic from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $52.00 to $50.00 in a research report on Tuesday, October 30th. They noted that the move was a valuation call. Finally, Raymond James cut shares of Potlatchdeltic from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Potlatchdeltic has an average rating of “Hold” and a consensus target price of $49.50.
Shares of PCH traded down $0.30 during mid-day trading on Monday, hitting $35.52. The company had a trading volume of 713,199 shares, compared to its average volume of 513,625. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.48 and a current ratio of 1.92. Potlatchdeltic has a 1-year low of $28.07 and a 1-year high of $54.90. The stock has a market capitalization of $2.25 billion, a PE ratio of 15.58, a P/E/G ratio of 6.45 and a beta of 1.31.
A number of hedge funds have recently made changes to their positions in PCH. Oregon Public Employees Retirement Fund lifted its position in Potlatchdeltic by 3,277.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 834,758 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 810,044 shares in the last quarter. Advisor Group Inc. lifted its position in Potlatchdeltic by 107.8% during the fourth quarter. Advisor Group Inc. now owns 1,253 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 650 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Potlatchdeltic during the fourth quarter valued at approximately $101,000. LS Investment Advisors LLC lifted its position in Potlatchdeltic by 10.3% during the fourth quarter. LS Investment Advisors LLC now owns 3,729 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 348 shares in the last quarter. Finally, Forsta AP Fonden lifted its position in Potlatchdeltic by 6.8% during the fourth quarter. Forsta AP Fonden now owns 6,085 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 385 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.
Potlatchdeltic Company Profile
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.
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